Bank loan fraud: Ex-Bhushan Power CMD Sanjay Singhal arrested by ED

The Enforcement Directorate (ED) on Friday arrested former Bhushan Power and Steel CMD Sanjay Singhal in connection with its probe into a multi-crore money laundering case linked to an alleged bank loan fraud.  

According to ED officials, Singhal was arrested under the Prevention of Money Laundering Act (PMLA) after he was questioned for several hours in the evening in connection with the case.  

Singhal was placed under arrest as he was not cooperating in the probe and will be produced before a local court here on Saturday to seek further custody, an ED official said.  The ED recently attached assets worth Rs